Average Vice President Salary in Faroe Islands for 2026
In this article, we will look at the average Vice President salary for 2026 in Faroe Islands and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!
The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.
All salary information is in the local currency, which is the Danish krone. To keep things simple, we are using the DKK currency code instead of the currency symbol kr.
How Much Does a Vice President Make in Faroe Islands?
A Vice President working in Faroe Islands will typically earn around 535,900 DKK per year, and this can range from the lowest average salary of about 283,700 DKK to the highest average salary of 816,000 DKK.
These are average salaries for a Vice President in Faroe Islands and include benefits such as housing and transport. It's also possible for a Vice President to earn more or less than the average salaries shown above.
Vice President salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.
Distribution of Vice President Salaries in Faroe Islands
So we've looked at the average salaries a Vice President will earn in Faroe Islands. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Vice President can earn between 283,700 DKK and 816,000 DKK on average in Faroe Islands. This is known as the range in statistics.
The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.
Median salary
The median salary for a Vice President in Faroe Islands is 504,300 DKK. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 504,300 DKK, and 50% of the population earn more than 504,300 DKK.
If you are earning more than the median salary, that's a good indicator that you are being paid well.
If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).
Percentiles
Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.
For the average Vice President salary in Faroe Islands, 25% of the population are earning less than 354,000 DKK while 75% of the population earn more than 354,000 DKK.
75% of the population earn less than 619,800 DKK, and 25% of the population earn more than 619,800 DKK.
Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.
The difference between a median and an average salary
The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.
- If your salary is higher than the average and the median salary, you are earning well compared to others.
- If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
- If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.
Vice President Salary by Experience Level in Faroe Islands
The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.
We have researched the average Vice President salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.
- 0 - 2 Years Experience. A Vice President in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 327,800 DKK.
- 2 - 5 Years Experience. With two to five years of experience the average Vice President salary would increase to 401,300 DKK.
- 5 - 10 Years Experience. From five to ten years of experience as a Vice President, the average salary would be 568,500 DKK.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 667,400 DKK.
- 15 - 20 Years Experience. A Vice President with 15 to 20 years of experience can earn an average of 731,700 DKK.
- 20+ Years Experience. For a Vice President with more than 20 years, the expected average salary increases to 773,400 DKK.
Average Salary by Experience Chart
| 0-2 Years | - | 327,800 DKK |
| 2-5 Years | +23% | 401,300 DKK |
| 5-10 Years | +42% | 568,500 DKK |
| 10-15 Years | +17% | 667,400 DKK |
| 15-20 Years | +10% | 731,700 DKK |
| 20+ Years | +6% | 773,400 DKK |
Vice President Salary by Education Level in Faroe Islands
As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?
In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.
The salary you can earn based on your education is very specific to both your location and the career path you choose.
In our research, we looked at the average salary for a Vice President in Faroe Islands based on the education level of the employees in order to find out whether a better education level would increase your salary.
- High School. A Vice President in Faroe Islands with a high school education can earn an average salary of 396,300 DKK.
- Certificate or Diploma. A Vice President in Faroe Islands with a certificate or diploma education can earn an average salary of 451,000 DKK.
- Bachelor's Degree. A Vice President in Faroe Islands with a bachelor's degree education can earn an average salary of 587,800 DKK.
- Master's Degree. A Vice President in Faroe Islands with a master's degree education can earn an average salary of 773,400 DKK.
Average Salary by Education Chart
| High School | - | 396,300 DKK |
| Certificate or Diploma | +13% | 451,000 DKK |
| Bachelor's Degree | +31% | 587,800 DKK |
| Master's Degree | +32% | 773,400 DKK |
How Much is a Master's Degree or MBA Program?
The approximate cost of a master's degree or post-graduate program like an MBA in Faroe Islands is around 134,000 to 401,000 DKK and takes two years to complete.
As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.
It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.
Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.
Vice President Salary Compared by Gender
In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.
In Faroe Islands, a male vice president will earn an average of 563,300 DKK, while a female vice president will earn around 492,700 DKK.
This means that a male vice president earns approximately 14% more than a female vice president for performing the same job.
Average Salary by Gender Chart in Faroe Islands
| Male | - | 563,300 DKK |
| Female | -14% | 492,700 DKK |
Vice President Average Pay Raise in Faroe Islands
In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.
From our research, we can see that the average pay raise for a Vice President in Faroe Islands is around 9% every 28 months.
The national average pay raise across all professions and industries in Faroe Islands is around 4% every 29 months.
In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.
To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:
Annual Increase = ( Increase Rate ÷ Months ) × 12
So for this example, it would be:
Annual Increase = ( 9 ÷ 28 ) × 12 = 4%
What this means is that a Vice President in Faroe Islands can expect to receive an average pay raise of around 4% every 12 months.
Annual Pay Raise by Industry in Faroe Islands for 2026
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Faroe Islands.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
| Banking | - | 8% |
| Energy | - | 7% |
| Information Technology | - | 6% |
| Healthcare | - | 5% |
| Travel | - | 4% |
| Construction | - | 3% |
| Education | - | 2% |
Vice President Bonus and Incentive Rates in Faroe Islands
Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.
Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.
A Vice President is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.
39% reported that they had not received any bonuses in the previous 12 months.
For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.
| Received Bonus | - | 61% |
| No Bonus | - | 39% |
What are the Types of Bonus?
There are a number of difference types of bonus you can receive in a job. Including:
- Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
- Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
- Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
- Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.
Government vs Private Sector Salaries
Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.
Public sector employees in Faroe Islands earn approximately 19% more than private sector employees in the same role.
| Public Sector | - | 352,000 DKK |
| Private Sector | -19% | 297,000 DKK |
Salaries for Jobs Similar to a Vice President
In the table below, we have salary information for jobs that are similar to a Vice President in Faroe Islands.
| Job Title | Category | Salary |
|---|---|---|
| Account Coordinator | Executive and Management | 282,300 DKK |
| Account Director | Executive and Management | 332,100 DKK |
| Account Executive | Executive and Management | 362,200 DKK |
| Account Manager | Executive and Management | 327,800 DKK |
| Administration Manager | Executive and Management | 361,500 DKK |
| Administration Officer | Executive and Management | 189,300 DKK |
| Administration Supervisor | Executive and Management | 283,700 DKK |
| Administrative Clerk | Executive and Management | 137,400 DKK |
| Administrative Officer | Executive and Management | 148,300 DKK |
| Area Director | Executive and Management | 340,000 DKK |
| Area Manager | Executive and Management | 332,500 DKK |
| Asset Protection Associate | Executive and Management | 377,200 DKK |
| Assistant Director | Executive and Management | 362,200 DKK |
| Assistant General Manager | Executive and Management | 390,000 DKK |
| Assistant Manager | Executive and Management | 386,400 DKK |
| Assistant Managing Director | Executive and Management | 451,000 DKK |
| Assistant Operations Manager | Executive and Management | 397,900 DKK |
| Assistant Project Manager | Executive and Management | 378,300 DKK |
| Assistant Section Head | Executive and Management | 296,000 DKK |
| Assistant Vice President | Executive and Management | 404,600 DKK |
| Assistant to CEO | Executive and Management | 354,000 DKK |
| Associate Account Director | Executive and Management | 369,300 DKK |
| Associate Director | Executive and Management | 377,200 DKK |
| Bid Manager | Executive and Management | 437,300 DKK |
| Branch Manager | Executive and Management | 409,000 DKK |
| Business Development Manager | Executive and Management | 428,400 DKK |
| Business Operations Associate | Executive and Management | 352,000 DKK |
| Business Operations Lead | Executive and Management | 386,400 DKK |
| CEO | Executive and Management | 733,300 DKK |
| COO | Executive and Management | 535,800 DKK |
| Campaign Manager | Executive and Management | 398,300 DKK |
| Catering Coordinator | Executive and Management | 222,300 DKK |
| Catering Manager | Executive and Management | 378,800 DKK |
| Chairman Office Manager | Executive and Management | 440,200 DKK |
| Chairman of The Board | Executive and Management | 692,500 DKK |
| Chief Commercial Officer | Executive and Management | 498,500 DKK |
| Chief Corporate Officer | Executive and Management | 578,500 DKK |
| Chief Executive Officer | Executive and Management | 695,400 DKK |
| Chief Financial Officer | Executive and Management | 663,200 DKK |
| Chief Investment Officer | Executive and Management | 525,700 DKK |
| Chief Operating Officer | Executive and Management | 504,300 DKK |
| Chief Risk Officer | Executive and Management | 442,300 DKK |
| Chief of Staff | Executive and Management | 327,800 DKK |
| Client Account Manager | Executive and Management | 442,200 DKK |
| Client Accounts Officer | Executive and Management | 362,200 DKK |
| Client Services Manager | Executive and Management | 459,700 DKK |
| Commercial Director | Executive and Management | 464,900 DKK |
| Commercial Manager | Executive and Management | 412,000 DKK |
| Commercial Project Manager | Executive and Management | 369,900 DKK |
| Commodity Broker | Executive and Management | 301,800 DKK |
| Corporate Affairs Executive | Executive and Management | 431,100 DKK |
| Corporate Compliance Director | Executive and Management | 471,700 DKK |
| Corporate Director | Executive and Management | 480,300 DKK |
| Corporate Officer | Executive and Management | 327,300 DKK |
| Corporate Partnerships Officer | Executive and Management | 340,400 DKK |
| Country Manager | Executive and Management | 553,800 DKK |
| Department Head | Executive and Management | 424,300 DKK |
| Department Manager | Executive and Management | 411,400 DKK |
| Department Supervisor | Executive and Management | 381,800 DKK |
| Deputy Director | Executive and Management | 483,400 DKK |
| Deputy Manager | Executive and Management | 510,200 DKK |
| Director | Executive and Management | 531,700 DKK |
| Director of Accreditation | Executive and Management | 485,300 DKK |
| Director of Catering Services | Executive and Management | 424,300 DKK |
| Director of Client Services | Executive and Management | 454,300 DKK |
| Director of Facilities Management | Executive and Management | 377,200 DKK |
| Director of Operations | Executive and Management | 460,500 DKK |
| Director of Process Simplification | Executive and Management | 357,300 DKK |
| Director of Product Management | Executive and Management | 478,100 DKK |
| Director of Project Management | Executive and Management | 500,100 DKK |
| Director of Revenue Management | Executive and Management | 420,800 DKK |
| Director of Training and Development | Executive and Management | 460,500 DKK |
| Distribution Manager | Executive and Management | 478,000 DKK |
| Division Manager | Executive and Management | 407,100 DKK |
| Duty Manager | Executive and Management | 396,300 DKK |
| Engagement Manager | Executive and Management | 472,000 DKK |
| Executive Director | Executive and Management | 670,600 DKK |
| Executive Manager | Executive and Management | 551,200 DKK |
| Franchise Manager | Executive and Management | 596,800 DKK |
| General Manager | Executive and Management | 566,900 DKK |
| Global Master Data Manager | Executive and Management | 502,200 DKK |
| Global Technical Lead | Executive and Management | 339,100 DKK |
| HSE Manager | Executive and Management | 394,300 DKK |
| Head of Investment | Executive and Management | 464,900 DKK |
| Head of Middle Office | Executive and Management | 444,300 DKK |
| Head of Projects | Executive and Management | 480,600 DKK |
| Head of Strategy | Executive and Management | 510,300 DKK |
| Head of Supply Chain | Executive and Management | 444,300 DKK |
| Head of Sustainability | Executive and Management | 398,300 DKK |
| Housing Manager | Executive and Management | 390,000 DKK |
| Key Account Manager | Executive and Management | 376,800 DKK |
| Knowledge Manager | Executive and Management | 426,700 DKK |
| Location Manager | Executive and Management | 415,900 DKK |
| Logistics Executive | Executive and Management | 376,800 DKK |
| Logistics Manager | Executive and Management | 381,800 DKK |
| MIS Executive | Executive and Management | 457,300 DKK |
| Management Consultant | Executive and Management | 375,200 DKK |
| Management Executive | Executive and Management | 489,600 DKK |
| Manager | Executive and Management | 485,200 DKK |
| Managing Director | Executive and Management | 552,400 DKK |
| Ocean Services Manager | Executive and Management | 475,700 DKK |
| Operational Manager | Executive and Management | 498,500 DKK |
| Operations Analyst | Executive and Management | 388,100 DKK |
| Operations Assistant | Executive and Management | 339,100 DKK |
| Operations Director | Executive and Management | 533,100 DKK |
| Operations Executive | Executive and Management | 489,500 DKK |
| Operations Manager | Executive and Management | 528,500 DKK |
| Operations Supervisor | Executive and Management | 430,500 DKK |
| PMO Manager | Executive and Management | 431,300 DKK |
| Planning Director | Executive and Management | 472,000 DKK |
| Policy Administration Executive | Executive and Management | 412,000 DKK |
| Private Sector Executive | Executive and Management | 403,100 DKK |
| Product Development Manager | Executive and Management | 450,300 DKK |
| Product Executive | Executive and Management | 404,600 DKK |
| Production Executive | Executive and Management | 483,800 DKK |
| Production Manager | Executive and Management | 492,700 DKK |
| Production Supervisor | Executive and Management | 411,400 DKK |
| Program Director | Executive and Management | 507,300 DKK |
| Program Manager | Executive and Management | 483,400 DKK |
| Programme Coordinator | Executive and Management | 325,800 DKK |
| Project Control Manager | Executive and Management | 510,300 DKK |
| Project Coordinator | Executive and Management | 299,500 DKK |
| Project Management Officer | Executive and Management | 340,000 DKK |
| Project Manager | Executive and Management | 348,300 DKK |
| Project Portfolio Manager | Executive and Management | 371,100 DKK |
| Quality Manager | Executive and Management | 366,200 DKK |
| R/D Director | Executive and Management | 433,800 DKK |
| Regional Director | Executive and Management | 669,100 DKK |
| Regional Manager | Executive and Management | 480,600 DKK |
| Relationship Manager | Executive and Management | 467,100 DKK |
| Retail District Manager | Executive and Management | 320,500 DKK |
| Revenue Manager | Executive and Management | 361,500 DKK |
| Risk Officer | Executive and Management | 357,300 DKK |
| Risk and Capital Manager | Executive and Management | 548,800 DKK |
| Safety Manager | Executive and Management | 362,200 DKK |
| Section Head | Executive and Management | 376,800 DKK |
| Service Manager | Executive and Management | 369,900 DKK |
| Shift Supervisor | Executive and Management | 288,100 DKK |
| Solutions Manager | Executive and Management | 315,900 DKK |
| Supervisor | Executive and Management | 282,300 DKK |
| Supply Chain Manager | Executive and Management | 504,400 DKK |
| Surveyor | Executive and Management | 320,500 DKK |
| Technical Director | Executive and Management | 455,400 DKK |
| Technical Manager | Executive and Management | 442,300 DKK |
| Territory Manager | Executive and Management | 475,700 DKK |
| Validation Manager | Executive and Management | 381,800 DKK |
| Zone Manager | Executive and Management | 499,300 DKK |
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